Announced Thu, 23 Jul · 12:01 IST
Shriram Properties appoints new statutory auditor
Management Changes View source PDF
SHRIRAMPPS · price
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Price reaction · full curve 14 horizons · vs prior close
-0.2%1-day move
₹85.18
prior close
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AI summary
Shriram Properties Board appointed M/s. Abarna and Ananthan, Chartered Accountants as the new Statutory Auditor, replacing M/s Walker Chandiok and Co LLP after completion of two consecutive terms as required by the Companies Act 2013. The new firm, established in 1987 with 14 partners across Bengaluru, Chennai and Mumbai, will serve 5 years from the 5th AGM to 10th AGM post IPO, subject to shareholder approval. It has real estate sector experience.
Likely market impact
Routine auditor rotation mandated by law. No governance concerns. New auditor brings real estate expertise.